It's one to file under "what were they thinking". H&M has removed and apologised for a promotional picture which featured a young black boy wearing a sweatshirt emblazoned with "Coolest Monkey In The Jungle." "Campaign" reports the store has now ceased selling the garment.

Dragons' Den star and entrepreneur, Theo Pathitis, is warning that retail stands on a "precipice" as stores reveal how a spending squeeze has impacted their Christmas trading. He believes that the Government is partly to blame for poor performance due to business law and unfair tax policies which hand online only brands an advantage, Sky News reports.

The BBC's former China Editor, Carrie Gracie, is to give evidence to a parliamentary committee of MPs on the corporation's record on equal pay. Gracie resigned this week after learning that male colleagues with similar roles were paid considerably more than her, "Press Gazette" reports.

Shares in Kodak have leapt after it announced the launch of its own cryptocurrency, the BBC reports. The KodakCoin, the company explains, is designed to allow photographers to protect their image rights and be paid digitally for the use of images.

Deloitte figures, reported on in "The Times" today, show that the number of retailers going in to administration rose in 2016 for the first time in five years. The figures show that118 retailers went into administration last year, a rise of 28% on 2015's total.

It is a tale of two halves for FMCGs this morning as "Marketing Week" reveals the sector pays its marketers the most but comes at the bottom of the list of sectors where marketers feel they are fairly paid.

The gender pay row is set to become more embarrassing for the BBC. "The Guardian" reveals that The Equalities and Human Rights Commission (EHRC) will intervene, seeking clarification on whether the BBC is paying women less for doing the same job as men. The paper speculates that this could open up the corporation to legal action from female employees.

BBC journalists are being barred from presenting items about fair and equal pay at the corporation if they have already stated a position on the issue, "Press Gazette" reports.

Group M has launched the country's first automated trading platform for digital outdoor, and its first customer is Innocent. Netimperative reveals the drinks brand will use the automated trading platform to buy screen space in the UK's major cities at the optimum time when data suggests its key audience for its new range of "Super Juice" drinks should be targeted.

"Marketing Week" has revisited the issue of fair pay and found that, according to ONS figures for 2016, the gender pay gap for sales and marketing director was 12%. For "marketing associate professionals' it is 17%. The site reveals that starting out as a marketing assistant is the only time in a woman's career when she can expect to earn more than a man in a similar role.